Recent Plan News
Edvest: Surpasses $4 billion mark helping Wisconsin families save for college
Edvest, Wisconsin’s 529 College Savings Plan, has reached an important milestone, surpassing the $4 billion mark in assets as of November 10, 2020.TIAA-CREF Tuition Financing, Inc. will reduce its program management fee by .01% to .07% effective December 1, 2020 in recognition of Edvest’s plan assets reaching $4 billion.
Georgia college savings plan sees record growth
The Path2College 529 Plan saw strong growth in the last quarter, with 4,740 new accounts opened—a 26 percent increase in new accounts opened and a 23 percent increase in contribution dollars when compared to 2019.The Path2College 529 Plan was established in 2002, and as of Sept. 30, there are more than 188,000 accounts and $3.5 billion invested in the plan. Additionally, more than $1.2 billion that was saved in the plan has been used for education expenses on behalf of over 63,000 beneficiaries.
CollegeInvest announces fee reduction for Direct Portfolio College Savings Plan
CollegeInvest announced today that the administrative fees for its Direct Portfolio 529 college savings plan have been reduced by 6 percent, effective November 1, 2020. This is the sixth fee reduction for the Direct Portfolio plan in the last eleven years. Overall, fees for the Direct Portfolio college savings plan have dropped more than 57 percent. The reduction in fees is a tangible benefit to Colorado families, allowing more of their hard-earned savings to apply directly to higher education expenses.